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Benchmark equity indices Sensex and Nifty hit their fresh all-time closing high levels on Monday, tracking foreign fund inflows and a rally in the U.S. markets. The U.S. rate cut hopes and renewed foreign fund inflows are fuelling the recent rally in domestic equities, traders said. Surging for the 10th straight session, the 30-share BSE…
Image for representation | Photo Credit: V.V. Krishnan The ₹80,000 crore Digital Bharat Nidhi will now support provisioning of telecommunication services in urban areas with additional benchmarks, such as making such services affordable and enhancing their security, an official statement said on Monday. The scheme under the Telecommunications Act 2023 was notified last week. “The…
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Chief Economic Advisor V. Anantha Nageswaran. File. | Photo Credit: PTI Chief Economic Advisor to the Government of India V. Anantha Nageswaran on Monday (September 2, 2024) said that since the consequences of what happens in the financial sector reverberate throughout, therefore it carries a significant weight of responsibility on its shoulders Mr. Nageswaran, while…
Image used for representative purpose only | Photo Credit: E. Lakshmi Narayanan Manufacturing activity dropped to a three-month low in August, with new factory orders growing at the slowest pace in seven months and export orders clocking their weakest rise in 2024, even as inflation and competitive pressures dragged producers’ optimism to the worst level…
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File. | Photo Credit: Reuters Rupee declined 3 paise to hit 83.88 against the U.S. dollar in early trade on Monday (September 2, 2024) amid fluctuating crude oil prices. Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in…
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File, | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty hit their fresh all-time high levels in early trade on Monday (September 2, 2024) tracking foreign fund inflows and a rally in the US markets. Equity markets have been continuously rallying amid the US rate cut hopes gathering momentum and renewed foreign fund inflows….
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Representational file image. | Photo Credit: E. LAKSHMINARAYANAN The price of jet fuel or aviation turbine fuel (ATF) was on Sunday (September 1, 2024) reduced by 4.6%, while the rate of commercial LPG used in hotels and restaurants, was hiked by ₹39 per 19-kg cylinder in the monthly revision done in line with international oil…
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As Hyderabad grapples with incessant rains, gig workers who have been braving the adverse weather conditions shared the challenges they face while delivering food and groceries and transporting passengers to their destinations. “I had to pay ₹650 out of my own pocket to the company for this raincoat,” said Hemant Kumar, a food delivery worker,…
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In August, gross revenues from domestic transactions were up 9.2%, improving from an 8.9% rise in July, | Photo Credit: Getty Images/iStockphoto The growth in India’s Gross Goods and Services Tax (GST) collections slowed down marginally to 10% in August from 10.3% in July, with revenues of nearly ₹1.75 lakh crore, but the rise in…
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Image used for representative purpose only. | Photo Credit: Reuters An IndiGo flight operating from Jabalpur to Hyderabad was diverted to Nagpur on Sunday (September 1, 2024) morning due to a bomb hoax. “Flight 6E 7308, en route from Jabalpur to Hyderabad, was diverted to Nagpur following a bomb threat. Upon landing, all passengers were…
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